Venture capital

AlphaCode awards SA proptech startup Jamii Cities R450k grant

Johannesburg-based proptech startup Jamii Cities has been awarded a R450 000 grant by Rand Merchant Investment Holdings’ (RMI) fintech incubator AlphaCode. Jamii Cities connects tenants…

Three lessons I learned from my first investment cheque [Opinion]

When I was 21 I managed to raise about $20 000 in seed funding for a social network that I was building with two…

SA’s Vantage Capital provides Morocco’s Equity Invest with €8m mezzanine facility

SA mezzanine fund manager Vantage Capital has provided Equity Invest, a Moroccan holding company with six tech firms in its portfolio, with an €8-million…

The Sun Exchange extends Uprise.Africa crowdfunding campaign to 30 November

SA blockchain-based solar panel micro-leasing marketplace The Sun Exchange has announced an extension of its equity crowdfunding campaign with Uprise.Africa to 30 November. The…

Fintech lender Investmint links small firms looking for funding, with investor

Chris Bruchhausen and Gareth Price are behind one of SA’s latest fintech lenders, Investmint — which links investors with small businesses looking for finance….

Kenyan on-demand delivery platform Sendy raises $2m

Nairobi-based on-demand delivery platform Sendy has raised $2-million in funding from Dutch impact investor Goodwell Investments. Goodwell Investments announced the deal in a post…

Kenyan startup Twiga Foods closes $30m Series-B round

Nairobi-based mobile-based B2B distribution platform Twiga Foods announced today that it has secured almost $30-million in a new round led by Goldman Sachs. It follows the $5-million…

CoGrammar to make 200 hires in Cape after new funding, reveals SA founder

Riaz Moola, the founder of UK and SA-based edtech startup CoGrammar, says his startup will hire 200 employees in Cape Town by the end…

Nigerian payments startup Paystack raises $8m in Series A round led by Stripe

Nigerian payments startup Paystack has raised $8-million in a Series A funding round led by US payments company Stripe. US tech publication Tech Crunch…

Investors use loophole in VC tax incentive to invest in own companies – Sars

Investors are using a loophole in a SA venture capital (VC) tax incentive to invest in companies connected to them and benefit from a…

Kenyan fintech Lendable secures $450k grant from Dutch development bank FMO

Nairobi-based fintech Lendable has secured a $450 000 convertible grant from Dutch development bank FMO. In a statement today (23 August) FMO said the…

State must close door on those that misuse VC tax incentive [Opinion]

This week saw an outcry from South Africa’s venture capital (VC) and private equity sector over amendments the National Treasury plans to make to the…

Fund head puts lack of women angel investors down to information asymmetry

A shortage of information around tech startups has made women sceptical of investing in early-stage businesses. So, says IDF Capital CEO Polo Leteka. Leteka —…

BREAKING: Former PPC Cement head announced as new SA SME Fund CEO [Updated]

Former PPC Cement head Ketso Gordhan was today announced as the new CEO of the SA SME Fund. The announcement that Gordhan will take the helm…

It’s confirmed – SA’s first female focused angel fund to launch this year

In what may be a first for South Africa, the country is set to get its first angel fund focused entirely on women-owned businesses. Alexandra Fraser, one of…

Fintech platform Mines raises $13m in Series-A round led by The Rise Fund

US-based fintech Mines — which was founded by a Nigerian team — has raised $13-million in a Series-A round led by US impact investor The Rise…

Is Silvertree’s co-entrepreneur model the answer to Silicon Valley?

What is a co-entrepreneur? A glorified manager or a true entrepreneur? For Silvertree Internet Holdings managing director and co-founder Manuel Koser a co-entrepreneur is any entrepreneur whose…

Investec out to fund fintech startups through global investment platform

SA bank and asset management group Investec currently looking to invest in three or four early-stage SA fintech startups, Investec Emerging Companies spokesperson Akash Maharaj has confirmed. Earlier…

Cape Town carpooling platform Jumpin Rides raises R1.8-million

Cape Town based carpooling platform Jumpin Rides has raised R1.8-million from undisclosed local and international angel investors. The investment deal had however been concluded already…

Kenyan B2B ecommerce platform Sokowatch raises $2m in seed funding

Nairobi based B2B ecommerce platform Sokowatch has reportedly raised $2-million in a seed round led by Africa-focused early stage venture firm 4Dx Ventures. The investment was first reported by…

Silicon Valley VC model doesn’t work in Africa, argues Silvertree Holdings man

The Silicon Valley venture capital (VC) model doesn’t work in Africa and other emerging markets, argues Manuel Koser, the managing director and co-founder of…

SA fintech JUMO secures first two commitments in new funding round

SA fintech JUMO has secured equity funding from French development agency Proparco and Finnish development finance company Finnfund — the first commitments to a new funding round, the startup’s founder Andrew Watkins-Ball…

Lenovo Accelerate 2025 champions Innovation

The Alarming Truth About Gen Z Gaming Cybercrime

SA’s Smallest Businesses Are Job Engines – So Why Can’t They Get Funding

Five Ways to Back South Africa’s Young Entrepreneurs

Novare Holdings anchors R2.8 billion Investment

Investors Finding Their Way Back to the Kenyan Market

Acer Unleashes Beastly New Predator BiFrost and Nitro GPUs with AMD Radeon RX 9000 Series

Philips Evnia Drops Jaw-Dropping QD OLED Monitors: 240Hz, Ambiglow, and All the Good Stuff

Microsoft launches new Surface devices in new AI era

Luca de Meo and his Renault legacy

Gemini AI to enhance Volvo infotainment

Everest better at exploring than Explorer